The Swedish currency is the most secure in the world. Money, coins and currency of Sweden Swedish monetary system

The Swedish krona (international designation SEK) is the national currency of Sweden. One Swedish krona is equal to 100 øre.

Sweden is a member of the European Union, but the decision was made in a 2003 referendum not to adopt the euro. At the same time, in Sweden, the euro is allowed to be used as a means of payment.

The Swedish krona is a freely convertible currency and is included in the CLS (Continuous Linked Settlement) list.

The issue of the Swedish krona is carried out by the central bank of Sweden - the Riksbank (Sveriges Riksbank). In circulation there are banknotes of 20, 50, 100, 500 and 1000 crowns, coins are minted in denominations of 1, 5 and 10 crowns. Since 1984, Sweden stopped issuing coins in denominations of 5 and 25 öre, since 1991 - coins in denominations of 10 öre, in 2009 - coins in denominations of 50 öre.

The exchange rate of the Swedish krona in relation to other currencies is determined in the process of trading on the international foreign exchange market, depending on supply and demand. This method of determining the exchange rate is called free conversion. The decision on free conversion of currencies was adopted by the member countries of the International Monetary Fund (IMF) in the mid-seventies of the XX century as one of the fundamental principles of the Jamaican monetary system. Its feature is freely floating exchange rates, the value of which is set depending on supply and demand in the foreign exchange market.

Swedish krona exchange rate

During the First World War, the member countries of the Scandinavian Monetary Union were forced to abandon the gold backing of their currency. As a result, there was a significant difference in the value of the currencies of the countries participating in the union, parity was violated and the Scandinavian Monetary Union de facto ceased to exist, although no official decision on this matter was made.

After abandoning the gold standard, the Swedish krona was pegged to and to. From the mid-1940s to the early 1970s, under the Bretton Woods Agreement, the Swedish krona had a fixed exchange rate against the key gold-backed currency, . Until 1992, the Swedish krona exchange rate was unilaterally tied to the exchange rate of other countries in various ways (Since 1977, the Swedish krona exchange rate was set by the Riksbank based on a basket of currencies of the country's 15 main trading partners. Since 1991, the Swedish krona exchange rate has been pegged to the ECU - a conditional currency unit for settlements between the countries of the European Economic Community (EEC) In 1992, it was decided to introduce a floating exchange rate for the Swedish krona.

The Swedish currency is not in great demand on the international Forex market. The movement of the Swedish krona is influenced by the sovereign rating of Sweden and the general state of affairs in the European Union. To a certain extent, the exchange rate of the Swedish krona is influenced by the macroeconomic indicators of the Baltics, since Sweden is one of the key investors in the Baltics.

The Swedish currency is krone. International designation - SEK. This monetary unit is one of the most resistant to inflation in the world, although its rate cannot be called rigid: since the beginning of the 90s it has been in a floating mode.

Currency of Sweden: history of origin

The crown was put into circulation in 1873. Then the Scandinavian countries Sweden, Norway and Denmark created a monetary union and a common money. The Swedes called them Krona, the Norwegians and Danes - Krone. This word is translated as "crown". Before that, rigsdalers were used in the country. The monetary union lasted until the First World War, during which the union broke up, but all the Scandinavian states left the familiar name and applied it to their national currencies.

History of the SEK in the 20th century

From 1973 to 1977 Sweden participated in the system of narrowed corridors of deviations in the mutual exchange rates of the Common Market member states, although at that time it was not part of the EU. After leaving this association, the country pegged the kroon to the currencies of 15 of its most important partners. The course fluctuated depending on the financial policy of Sweden. In the late 70s and early 80s of the 20th century, the country experienced a sharp economic downturn, as a result of which the government was forced to devalue the krone by 16%. This event remained in the history of the Swedish economy as the "Big Bang", and it meant a new beginning for the state's financial system. In November 1992, there was another significant event for the monetary system. A floating rate was introduced, which continues to this day and is approximately 1/10 euro.

One of the most important advantages and part of the history of any state is the currency. Sweden does not accept the euro at the moment, it did not turn out to be attractive for the Scandinavians. Therefore, in the 2000s, they refused to switch to the single currency of the Old World.

Banknotes and coins until 2015

Until recently, banknotes with denominations from 20 to 1000 units were in circulation. On the obverse of the banknotes, famous personalities of Sweden were depicted. The 20 crown banknote features the writer Selma Lagerlöf; 50 - Jenny Lind - opera singer, known throughout the world as the "Swedish Nightingale"; 100 - Carl Linnaeus - a doctor and naturalist with a worldwide reputation; 500 - Charles XI - king of the second half of the 17th century, who strengthened the state and its position in Europe; 1000 - Gustav Vasa - liberator of Sweden from Danish rule. In addition to paper money, SEK is represented by coins in denominations of 1, 5, 10 and 50 ore. 1 crown is divided into 100 ore.

Monetary reform

In 2011, the Bank of Sweden announced its intention to carry out a new monetary reform, the purpose of which was a complete change in the type of banknotes and coins, as well as strengthening protection against counterfeiting. The result of this was the release of new money, recognized as one of the most beautiful and most highly secure in the whole world. As expected, on the obverse of the banknotes were placed images of prominent Swedish cultural figures of the 20th century: 20 crowns - the writer A. Lindgren; 50 - E. Taube - songwriter and performer; 100 - actress G. Garbo; 200 - I. Bergman - an outstanding film director (new denomination of Swedish banknotes); 500 - opera stage singer B. Nilsson; 1000 - D. Hammerskjöld, who was the gene. Secretary of the United Nations from 1953-1961.

The reverse of the banknotes depicts historical areas associated with the activities of the persons shown on the obverse. The coins were also affected by the reform, as a result of which nickel was removed from the alloy, which made them lighter, and their size also changed. On the front side, King Carl XVI Gustaf is depicted, and on the back, a natural theme (water, sun and wind). The 10 crown coin remained unchanged. With regards to the old-style currency, we note that the entire range of banknotes will be a full-fledged means of payment until mid-2017.

Currency exchange

Going to the Scandinavian countries, ask what currency is in Sweden and neighboring countries. Although, of course, throughout the country there are a large number of banks, credit organizations, exchange offices and terminals where you can exchange almost any money in the world for a crown. But be careful, when exchanging in banks there will be a very unfavorable exchange rate. Therefore, it is preferable to resort to the services of exchange offices. Here, too, there is a certain feature - a commission of two types: in some it is calculated from the convertible amount as a percentage, in others it is represented by a fixed fee.

Krona and Eurozone

Sweden has been a member of the EU since 1995, therefore, upon reaching certain characteristics in the economic life of the state, it must join the eurozone and replace its currency with a common European one. Neither the people nor the authorities of the country have any particular desire for this. The referendum held showed that the majority of the population is in favor of the SEC remaining the only means of payment. And the question, what is the name of the currency of Sweden, now and in the near future can be answered without a doubt - krone. Although in our time events are developing at a rapid pace, and even in the future it is impossible to be 100% sure.

Against the backdrop of wild jumps in the prices of many world financial instruments, the currency of Sweden behaves calmly, confidently and promisingly. The country remains, as it were, aloof from economic shocks in the eurozone, as uses its own currency, which may even allow it to lock itself in domestic trade and wait until the EU countries either get out of the crisis or come to a financial collapse.

Good afternoon friends!
Let's tell you what currency is in use in Sweden? If you are going to travel, it is better to immediately learn everything about local money. Also, where is the best place to change?

From this article you will learn:

Currency of the Kingdom of Sweden

Swedish krona coins

If you are going to Sweden, it is better to think over the money issue carefully. A small souvenir will cost 25 kroons, a coffee in the most ordinary cafe will cost 25-35 SEK, you can have a good lunch for 90 SEK, a taxi is about 200 kroons, beer is 60 SEK.

In this case, the course is as follows:
1 euro = 10 SEK.

I hope this will help you plan the financial side of the trip, and have already decided what currency to take with you.

Where is the best place to change money?

If this is your first time here, it's not hard to get confused. And the money is usually needed immediately. A little about where it is most profitable to change:

Very convenient to change on the ferry

If you get to Stockholm by ferry, I advise you to change there. The course is usually quite profitable. So you come already with crowns. This is a little travel secret for you. Queues can also be avoided this way.

Arlanda airfield.

Especially convenient if you arrive in the evenings. There are definitely a dozen different exchange offices here. Be prepared - exchange offices are closed from 18:00. If you arrive in the evening, you will still have to look for where to change money. Do not rely too much on hotels - there the course will be overpriced.

You can buy tickets at a bargain price on the Aviasales website. If you are planning a vacation or want to buy "hot" tickets, this is the most convenient site. Just choose the dates you want and buy tickets online.

City exchange offices

Not every exchange is right for you. You need to look for those that are marked with the ForexBank symbol.

This is a state bank, it has a lot of branches in all cities. There is the most profitable course, as noted by tourists in 2016. Some exchange offices are also marked with this sign. They can be trusted.

Subscribe to site updates - I have many more good tips for travelers. And you will also receive as a gift, completely free of charge, an excellent basic phrasebook in three languages, English, German and French. Its main advantage is that there is a Russian transcription, therefore, even without knowing the language, you can easily master colloquial phrases.

I was with you, Natalya Glukhova, I wish you a good day!

As you know, more than half of the Swedes, when joining the European Union, voted for the preservation of their national currency and against the introduction of the euro. This was back in 1995. The Swedish krona is the name of the Swedish currency. Introduced in 1873, it replaced the Swedish Riksdaler currency. If we translate the word "crown" from the Scandinavian languages ​​into Russian, then "crown" means "crown".

Some coins of Sweden have her image on one of their sides. It is believed that Sweden's money is very beautiful - many tourists do not even worry about what souvenir to bring from Sweden, but simply bring banknotes and coins as a souvenir.

Currently in Sweden there are banknotes in denominations of 20 SEK, 50 SEK, 100 SEK, 200 SEK, 500 SEK and 1000 SEK (SEK is the international letter designation of the Swedish krona) and coins - 1 SEK, 5 SEK and 10 SEK. Previously, there were eras equal to 1/100 crowns, but since 2010, era coins have been removed from circulation, and all prices have been rounded up to whole crowns.

Cards, cash and exchange offices

What currency to take on a trip? It is most convenient and profitable in Sweden to pay with a plastic card - they are accepted everywhere. Yes, and throughout the country there are a huge number of round-the-clock ATMs, if you suddenly decide to withdraw money. In fact, cash can be withdrawn even in any store at the checkout if you pay for goods with a card and want to withdraw up to 2000 kroons. If there is no plastic card and this option does not suit you, then you can bring it to.

Many shops, hotels, cafes and restaurants in the tourist cities of Sweden will definitely accept them, but you should always remember that the commission for the exchange in such establishments can be overstated, or you will be charged euros at a very unfavorable rate. It is more profitable to immediately exchange euros for crowns at special exchange offices, such as Forex. Not all Swedish banks now allow you to exchange currency, or the banks they have are too high commission and not the most favorable rate. There are exchange offices in almost any city, they work every day from 7 am to 9 pm, banks are open only on weekdays and only until 3 pm.

What do banknotes and coins look like?

Swedish banknotes and coins are considered to be some of the most beautiful currencies in the world. If they fall into your hands, be sure to consider the images on each of the bills.

On the banknote of 20 crowns, you can see Selma Lagerlöf (Swedish writer; she is the first woman to win the Nobel Prize in Literature) on the one hand and the hero of the children's novel written by Lagerlöf "The Wonderful Journey of Niels" on the other.

50 SEK features Jenny Lind (an opera singer from Sweden) and a silver harp. At 100 SEK, Carl Linnaeus (Swedish physician and creator of the plant and animal classification system) and a pollinating flower are located. For 500 SEK, portraits of two Charles - Charles XI (king, reigned from 1660 to 1697) and Karl Polhei (scientist) with his mathematical calculations. Well, for 1000 - the "father of Swedish statehood" Gustav Vasa on one side of the bill, and on the other side - a picture with the harvest.

Basically, almost all coins of Sweden have the image of the monarch, and on the other hand, the image of the coat of arms or the crown. Some have the motto of the royal family, which sounds like "For Sverige i tiden" and means "For Sweden - always."

Interesting fact: The Central Bank of Sweden decided to make some changes by 2015. A 200 SEK banknote and a 2 SEK coin will appear. There will also be banknotes with new images. As far as we know, these will be portraits of 3 men and 3 women - this is how the bank is trying to show gender equality.

Currency in Sweden: krone exchange rate

What is the ratio of the Swedish krona to the dollar, euro, ruble and hryvnia? Currently, 10 SEK is equal to 1.5631 USD, which is 1.1246 EUR.

If we exchange 10 Swedish crowns for our currency, then we will get 57.2897 rubles, or 15.1624 hryvnias.
The exchange rate varies from day to day, so be sure to check it out before your trip.

Prices and salaries in Sweden

Consider some prices and salaries, in terms of the national currency. So, breakfast for two will cost an average of 150 kroons, a buffet lunch will cost the same amount (70-80 kroons per person), and dinner will cost a little more - 300 or more. The cost of one trip by public transport will cost from 20 to 35 crowns, and a taxi from the airport costs about 470-520. Rental housing in Sweden - from 3,000 to 11,000 kroons per month, depending on the city and area. Renting a 3-room apartment will cost 5000-6000 per month. Wireless internet costs 300 CZK per month. Going out or a movie costs from 80 to 125.

If we compare prices with Russians, then we can say that prices there bite a lot. What is the salary of the Swedes? The average salary is about 20,000 kroons after tax, the minimum salary for a person without special education is about 14,000 after tax. Lawyers, politicians and doctors earn the most. The approximate salary of a Swedish general practitioner is on average 40,000 - 50,000 after tax. In a private clinic 60,000 - 90,000 after tax.

If , then you should be aware of the minimum budget per person per day - it is 200 SEK. For this money, you can live in a camp in the forest and eat some semi-finished products, nothing more. If the budget is at least 1000 per day, then you can no longer save on transport, live in more or less decent hotels and eat in cafes.

The Swedish krona (Krona, kr) is the currency of Sweden.

ISO 4217 code - SEK (international designation).

One crown is subdivided into 100 Öre.

Banknotes and coins

Banknotes of the following denominations are currently in circulation:

• 20 crowns with the image of the writer Selma Lagerlef on the front side and the hero of her fairy tale "Nils' Wonderful Journey with Wild Geese" - Niels - on the reverse side;
• 50 crowns with the image of the opera singer Jenny Lind;
• 100 crowns with the image of Carl Linnaeus;
• 500 crowns depicting King Charles XI and the Swedish inventor and industrialist Christopher Polhem;
• 1000 crowns with the image of King Gustav Vasa.

Coins currently in circulation:

On a coin in denominations of one crown, the portrait of Carl Gustaf, depicted from the obverse side, often changed. But now you can pay with any of these coins, regardless of the portrait.

Story

The Swedish krona was introduced into circulation in 1873 as a result of the formation of the Scandinavian Monetary Union, which lasted until the First World War. The crown replaced the riksdaler that had been in circulation before. The Scandinavian countries became members of the union, with the name of the currency krona in Sweden and krone in Denmark and Norway, which means “crown” in Scandinavian languages. After the collapse of the union, all three countries decided to keep the name, but for their own currencies.

By tradition, on the front side of a coin in denominations of one crown, a portrait of the monarch of Sweden is depicted, and on the back - one of the coats of arms of Sweden, or a crown. The coin also bears the king's motto.

coins

In 1873 - 1876, bronze 1, 2 and 5 öre, gold 10 and 20 kroons, as well as silver coins of 10, 25, 50 öre, 1 and 2 kroons appeared in circulation. Since 1881, they began to issue five-crown gold coins.

The production of gold coins, suspended in 1902, resumed for a short period in 1920 and 1925, and then finally ceased. In 1917 - 1919, due to a shortage of metal during the First World War, coins were minted not from bronze, but from iron. Since 1920, coins in denominations of 10, 25 and 50 ore were issued from an alloy of bronze and nickel, and since 1927 again from silver.

During the Second World War, the shortage of metal once again caused changes in the minting of Swedish coins. In 1940 - 1947, coins made of an alloy of bronze and nickel again appeared in denominations of 10, 25 and 50 ore. In 1942 - 1952, iron again had to be used instead of bronze, and the silver content in other coins was reduced. Since 1952, coins of 2 crowns, 10, 25 and 50 ore began to be made from an alloy of copper and nickel, and since 1958 a one-crown coin has been made from copper coated with an alloy of copper and nickel (since 1982 it has been minted entirely from an alloy of copper and nickel) . In 1954, 1955 and 1961, silver five-crown coins were issued, similar in appearance to modern 1 and 2-crown coins.

In 1962, a new, smaller, five-crown coin made of nickel plated with an alloy of copper and nickel was introduced, the modern form of which was approved only in 1979. In 1971, the production of coins in denominations of 1 and 2 eras, as well as 2 crowns, ceased, in 1984 - in 5 and 25 eras, and in 1991 - in 10 eras. Since 1972, smaller coins have been minted in the 5th era. In addition, in 1992, ten-crown coins made of an alloy of aluminum and brass ("Scandinavian gold") and coins in the 50th era, painted in bronze, appeared. In March 2009, the government announced the cessation of issuance of coins in the 50 era, so from October 2010 they will no longer be a legal means of payment. The reason for this decision was the low purchasing power of such coins, as well as the inability to use them in most parking machines and vending machines. Note, however, that the era will be used when making electronic payments. The feasibility of further use of coins in denominations of 2 and 20 crowns is currently being discussed by the Central Bank of Sweden (Riksbank).

Of all the coins issued in the past, only the 2 crown coins minted since 1876 remain legal tender, although they are extremely rare in circulation. In addition, all commemorative and commemorative coins produced in 1897 and later are also legal tender. Until 1966, two-crown coins were issued with 40% silver content, as a result of which they were already worth much more than their face value a few years ago and were almost completely bought up and melted down or ended up in numismatic collections. At the same time, in Sweden, the melting of coins that are legal tender is considered an illegal operation, so melted coins are still in circulation.

By tradition, only coins of 1 crown and more are marked with images of monarchs (the only exception is the modern five-crown coin). In addition, on many of them you can see the motto of the royal family.

Banknotes

In 1874, the Swedish Central Bank introduced banknotes in denominations of 1, 5, 10, 50, 100 and 1000 crowns. The 1 crown banknote was produced only during the first two years and in 1914-1920. In 1939 and 1958, 10,000 crown notes were issued.

Five kroner banknotes ceased to be produced in 1981, while a 5 krona coin was issued from 1972. In 1985, a banknote of 500 crowns appeared in circulation. After the introduction of the ten-crown coin in 1991, the issuance of banknotes in denominations of 10 kroons ceased and banknotes of 20 kroons appeared. Suspended in the same year, the production of banknotes of 50 crowns resumed in 1996. In 2006, the Swedish Central Bank introduced a new 1,000-krona note with security features developed by Crane AB of Tumba, Sweden, which issues all Swedish banknotes.

Exchange rate

The exchange rate of the Swedish krona against other currencies has historically depended on the financial policy pursued by Sweden during the relevant time period. Since November 1992, the country has maintained a regulated floating exchange rate of the national currency. Since 2002, the exchange rate of the kroon has been relatively stable against the euro (about 9-9.5 SEK per 1 euro), but since the second half of 2008 the value of the kroon has decreased by about 20%, and has settled at around 10.4-11 SEK for the euro. The reason for this weakening was the actions of the Central Bank of Sweden, which significantly lowered the official interest rate and did not try to strengthen the exchange rate.

Euro

According to the EU accession treaty in 1995, Sweden must join the eurozone and eventually adopt the euro. Despite this, on September 14, 2003, a popular referendum was held in Sweden on the introduction of the euro, which showed that 56% of the 80% of the voting inhabitants of the country were against the new currency (according to the BBC). The Swedish government announced a possible suspension of the transition of the monetary system to the euro, since one of the requirements for the country's entry into the eurozone is a two-year preliminary use of the European Exchange Rate Mechanism (ERM II). Thus, without participating in the ERM II program, the Swedish government formally has the right not to switch to the euro.

Some of Sweden's major parties continue to believe that it is in the national interest for the country to join the eurozone, but for the time being they should consider the results of the referendum and not push for a new poll. The parties agreed not to discuss the issue until the 2010 general election, after which a new referendum could be held in 2012 or later. Polls conducted in 2005 and 2006 showed that about 55% of the population opposed the introduction of the euro, 45% were in favor of the new currency (not counting those who abstained - about 15%). During a poll conducted in May 2007, 33.2% were in favor, 53.8% were against, and 13.0% of the respondents abstained.

In the newspaper Dagens Nyheter, Swedish Prime Minister Fredrik Reinfeldt said that a new referendum on the introduction of the euro will not take place until the consent of the people and all the main parties is obtained, with a date to be chosen at the discretion of the Social Democrats. He added that the leader of the Social Democratic Party, Mona Sahlin, demanded that the results of the already conducted popular poll be respected and that a new referendum be postponed until 2010.